What is the contribution by Services sector in GVA (Gross Value Added) at current prices of Rajasthan in year 2020-21?
The correct answer is 45.43%.
- The services sector's contribution in GVA of Rajasthan in the year 2020-21 has been 45.43%.
- The service sector contributes most to the GVA due to post-1991 reforms throughout India including Rajasthan.
Key Points
Sectoral Contribution in GVA (current prices)
| Sector | Contribution (in%) |
| Agriculture | 29.77 |
| Industry | 24.8 |
| Services | 45.43 |
Additional Information
- GVA- Gross Value Added
- The measure of total output and income in the economy.
- It provides the rupee value for the number of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services.
- Current Prices- It measures GSDP/ inflation/asset prices using the actual prices we notice in the economy.
- Current prices make no adjustment for inflation.
- Constant prices: It is adjusted for the effects of inflation with reference to a base year
Important Points
Sectoral Contribution in GVA (constant prices: 2011-12)
| Sector | Contribution (in%) |
| Agriculture | 29.45 |
| Industry | 28.15 |
| Services | 42.4 |
